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Fly News Breaks for February 20, 2020
BUD
Feb 20, 2020 | 06:26 EDT
JPMorgan analyst Celine Pannuti downgraded AB InBev to Underweight from Neutral with a price target of $65, down from $79. Despite a "more benign" input cost environment, 2020 is shaping up to remain challenging for the company, leading to pressure on both gross margin and EBITDA, Pannuti tells investors in a research note titled "Storm clouds showing no signs of clearing." The analyst sees AB at a "turning point." As it tries to generate volume growth the company appears to no longer be committed to raising prices in line with inflation, says the analyst. Pannuti believes risks to earnings cuts should lead to a "further de-rating" and weigh on the stock's performance.
News For BUD From the Last 2 Days
BUD
Jul 5, 2022 | 12:07 EDT
Deutsche Bank analyst Mitch Collett lowered the firm's price target on AB InBev to EUR 73 from EUR 74 and keeps a Buy rating on the shares.
BUD
Jul 5, 2022 | 05:58 EDT
Citi analyst Simon Hales upgraded AB InBev to Buy from Neutral with a EUR 62 price target. "For the first time in a while it is tough to construct a bear-case on" the company, Hales tells investors in a research note. The consistency of AB InBev's earnings delivery has improved significantly, increasing investor confidence in both execution capabilities and balance sheet deleverage, says the analyst. He says that with its debt-to-equity transition likely to take place over the next 12-months, the stock's risks are skewing to the upside.